RATE Group | This week in crypto: Akon, Binance, and China to take over the world
86205
post-template-default,single,single-post,postid-86205,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

This week in crypto: Akon, Binance, and China to take over the world

20 Apr This week in crypto: Akon, Binance, and China to take over the world

Posted at 05:36h in Cryptocurrency News by

The world might still be in lockdown due to the coronavirus pandemic, but this week in crypto, things have barely stopped. Akon announced his expansion into East Africa, Libra “pivoted” its business model, Binance opened up for P2P trading in Venezuela, and China’s digital yuan kicked into action. 

Akon wants the whole of Africa to use his cryptocurrency

Akon, the world-famous rapper, has turned his hand to crypto and empire-building. His latest project, cryptocurrency Akoin, will power a city in Kenya, he announced at virtual blockchain conference Blockdown 2020. 

Akoin will be the exclusive cryptocurrency of the Mwale medical and technology city. It’s the second city set to be powered by Akoin, after Akon City, the rapper’s very own metropolis in Senegal. 

Akon’s ambition is for the whole of Africa to run on cryptocurrency, which he says will bank the unbanked, as well as make transactions cheaper and more secure. 

MMTC, however, appears to be a city that panders…

Source link

Tags:
, , , , ,